Question
Who is responsible for the appointment of the Chairman
of the Public Accounts Committee?ÂSolution
The chairman of the committee is appointed from amongst its members by the Speaker of lok sabha. Until 1966 - '67, the chairman of the committee belonged to the ruling party. However, since 1967 a convention has developed whereby the chairman of the committee is selected invariably from the Opposition.
As per section 2(52) of the CGST Act, 2017, the term "Goods" includes
What is the maximum aggregate balance allowed in accounts opened using Aadhaar OTP-based e-KYC in non-face-to-face mode?
A bank has Bills Discounted worth ₹4,00,000. Unexpired discount at year-end is ₹40,000. What is the adjustment in final accounts?
What is the primary role of the Central KYC Records Registry (CKYCR)? Â
Basel III requires minimum Common Equity Tier 1 ratio of:
The 'MCLR' (Marginal Cost of Funds based Lending Rate) system replaced the earlier 'Base Rate' system. What is a key component in calculating MCLR?
The "Fiscal Policy" of India is formulated by:
The Pradhan Mantri Mudra Yojana completed 10 years of its launch. The government introduced a new category under this scheme to cover loans between ₹1...
A bank’s Profit before appropriations = ₹20 crore. Statutory reserve requirement is 25%. The bank also transfers ₹2 crore to Investment Fluctuatio...
Maximum period for which a commercial bank can accept term deposits is:
